GREY:HRIVF - Post by User
Post by
Equilibriumeon Jul 05, 2011 12:49pm
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Post# 18796966
Bisaa numbers
Bisaa numbersHi all,
I've been long on HRG for two years, mainly thanks to you guys posting great insights and thoughts. Thanks !!
As CJ wrote(Thanks man !! for everything...), Severstal's wesite states that :"Nordgold’s indirect subsidiary in Burkina Faso, Bissa Gold S.A. (“Bissa Gold”).has been granted a mining license for the Bissa gold project by the governmental authorities of Burkina Faso. The term of the license is 20 years with a renewal possibility....It is expected to contribute 93 koz and 161 koz of production in 2013 and 2014, respectively."
"(https://www.severstal.com/eng/media/news/document4631.phtml )
Now, since Nordgold owns only 72% of HRG, am I right to assume that the above numbers represent only Nordgold numbers and the expected contribution for HRG will be higher by about 40% ??!
Unfortunately, my guess is that Severstal\Nordgold numbers posted are HRG's numbers.....
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